If you are a beginner in stock market, it can be a confusing place to make sense. You will hear so many confusing terms like Demat account, Trading account, F&O, intraday and delivery based trading and so on. It can become difficult to make sense of it all. To help you trade in this confusing place, you need someone who can hold your hand and explain you the basics of the market and how it works. For that you have to choose a stock broker.
I would not be telling you about other terms but just explain what a stock broker is. In simple terms, a stock broker is an intermediary which helps you trade in stock markets. They have to be registered with SEBI to provide trading facility to clients like you. You will have to open account with one of the brokers to trade on exchange (NSE or BSE). Once you have opened the account with the broker, you can start trading. This was simple part to understand but now comes the interesting part of how to choose the broker. [Read more…] about Best stock broker for Beginners